Sagicor's property company is moving ahead with a 21-acre complex at Mineral Heights, near May Pen, Clarendon, that will eventually house a mall and residences.The project will focus, initially, on the commercial development of shopping space, on...
Having given up the chase for a casino licence, at least for now, developer Richard Salm is cutting up a portion of his property at Drax Hall, St Ann into one-acre lots to be sold for construction of family residences.Some of the income generated...
Self-driving cars can't avoid accidentsThe self-driving cars that Google Inc has been testing on California's roads and highways were involved in 11 minor accidents over the past six years, according to the tech giant.The company released the number...
Verizon is buying AOL for about US$4.4 billion, advancing the telecom's push in both mobile and advertising fields.The acquisition gives Verizon an entryway into the increasingly competitive online video space. The New York company is the country's...
The death toll from faulty ignition switches in small cars made by General Motors has reached 100.The families of the victims are being offered compensation by Attorney Kenneth Feinberg, who was hired by GM last year. In addition, GM has agreed to...
Morgan Stanley is selling its oil storage and transport business, which has drawn scrutiny from Congress, to commodities trading company Castleton.Castleton is buying oil terminal storage agreements, inventory, oil purchase and sale and supply deals...
Only three of seven midsize SUVs from the 2015 model year performed well in front-end crash tests done by an insurance industry group.The Nissan Murano and Jeep Wrangler four-door got the highest, or 'good' rating in the latest round of Insurance...
Start-up renewable energy company Caribbean Energy Finance Company Limited (CEFCL) failed to raise even half the $452 million it hoped to sweep in its initial public offering.The IPO, which priced CEFCL at $1.26 billion on the bet that the company...
An International Monetary Fund (IMF) staff mission to Jamaica has again given the thumbs up to the Government's performance under the four-year extended fund facility, so far, again concluding that programme implementation remained strong.New IMF...
Colorado-based business processing outsourcing (BPO) company, StarTek, inked a deal to buy Accent Marketing Services' contact centres in Jamaica and the United States.The transaction is priced at US$16 million and will be financed through a US$50-...
As of this week, all commercial export declarations from the Port of Kingston are required to be processed using the Automated System for Customs Data (ASYCUDA), as part of the Government's effort to strengthen tax and customs administration.The...
Published:Tuesday | May 12, 2015 | 2:55 PMNeville Graham
Jamaica's manufacturing sector has added 7,200 jobs in one year, a 10 per cent growth in sector employment amid a tepid improvement in job creation overall that producers tout as more evidence of the sector's value to the economy.The jobs numbers...
Salada Foods saw its export sales and net profit triple in its second quarter, which ended March 31.The coffee manufacturer's revenue from overseas markets totalled $66.8 million for the three-month period, or 30 per cent of its total sales,...
Wiretappings that prosecutors used to track down a million-dollar fraud ring run out of the Guatemalan government have cost the vice president her job and now may lead to the Central American country's Supreme Court.Recorded telephone calls obtained...
China cut interest rates Sunday for the third time in six months to boost sluggish economic growth and announced that it is giving banks more flexibility in setting rates paid to depositors in a new step to make its financial system more market-...
Royal Dutch Shell's Arctic drilling programme has cleared a major bureaucratic hurdle to begin drilling for oil and gas off Alaska's northwestern coast this summer. The Bureau of Ocean Energy Management on Monday approved the multi-year...
The United States said it is watching the progress of proposed amendments to Jamaica’s Broadcasting and Radio Re-diffusion Act that would appear to permit advertising from local entities on the channels of foreign cable operators with the...
Xerox in Jamaica is expanding its operations in Kingston with the addition of three call centres that are expected to create 860 jobs.The new facilities will operate from leased space at 10-16 Grenada Way, 7 Haining Road, and 1C-1F Pawsey Road.Xerox...
Four stockbrokerages have signed up to facilitate trading on the Jamaica Stock Exchange's new online platform, but the other eight are holding back to either finalise due diligence checks on the new system or to ascertain the potential impact on...
Published:Thursday | May 7, 2015 | 2:05 PMCamilo Thame
Now that it has completed the expansion of its port in Discovery Bay, St Ann, Noranda Aluminum Holding is looking at boosting bauxite exports from Jamaica.Its current lease gives it room to sell at least an additional 400,000 tonnes of bauxite each...
Published:Thursday | May 7, 2015 | 3:53 PMGlenford Smith
QUESTION: Mr Smith, I have been employed at my current company for more than 15 years. I am quite good at what I do and I enjoy it to some extent. I'm, however, frustrated at being grossly underpaid. Also, the job is going nowhere; it's a dead end....
QUESTION: I was involved in an accident on February 15, 2013. It occurred at about 12:10 p.m. along Maxfield Avenue. A blue Honda motor car hit the back of my 1999 Honda Civic. The other driver and my passenger got into a row. I intervened and said...
Published:Friday | May 8, 2015 | 1:47 PMFrancis Wade
Most leaders of Jamaica's companies share a single trait - the 'Type A' personality. It means they face some unique and growing challenges to the realisation of their goals.A Google search offers up many definitions of this trait, some of which are...
Since 1991, international demand for chocolate has been growing, causing cocoa prices to surge.Although the global market for chocolate may have peaked at around US$114 billion annually, it is clear that the Caribbean could do more to encourage the...
Federal aviation officials acted within their authority in allowing airline passengers to use cell phone and other electronics during take-offs and landings, a federal appeals court ruled last Friday.The US Court of Appeals for the District of...
